With life-changing decisions seeming to be a theme for celebs this season, perhaps now’s the time to consider the implications if you’re planning the “big move in” with your “boo”. Aside from the obvious emotional and financial aspects, there are lots of insurance matters to consider as well.
Marius Steyn, manager of personal underwriting (technical) and Marius Neethling, manager of personal lines underwriting (systems and administration), both at Santam, caution that there are a few things every couple needs to think about when merging households.
“When you move in together, depending on the nature and seriousness of your relationship, an insurer will usually consider you to be the equivalent of a common-law husband and wife. That means you can take out a policy together. There are also lots of logistics to tick off - like making sure the household contents are covered and adding another driver to your vehicle insurance.”
Here, Steyn and Neethling chat through the check-list they advise every co-habiting couple ticks off: